Bitwise Web3 ETF (NYSEARCA:BWEB) Short Interest Update

Bitwise Web3 ETF (NYSEARCA:BWEB) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 26 shares, a decrease of 18.8% from the February 12th total of 32 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 331 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 331 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Bitwise Web3 ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC lifted its position in Bitwise Web3 ETF by 6.9% during the 1st quarter. Jane Street Group LLC now owns 11,604 shares of the company’s stock valued at $560,000 after acquiring an additional 745 shares during the period. Sanctuary Advisors LLC bought a new stake in Bitwise Web3 ETF during the fourth quarter worth about $788,000. Finally, Ankerstar Wealth LLC purchased a new stake in Bitwise Web3 ETF in the fourth quarter worth about $76,000.

Bitwise Web3 ETF Stock Performance

Shares of NYSEARCA BWEB opened at $66.58 on Friday. The stock has a fifty day moving average of $69.28 and a 200-day moving average of $74.63. The stock has a market cap of $5.33 million, a PE ratio of 31.67 and a beta of 2.30. Bitwise Web3 ETF has a fifty-two week low of $41.19 and a fifty-two week high of $88.75.

Bitwise Web3 ETF Company Profile

The Bitwise Web3 ETF (BWEB) is an exchange-traded fund that is based on the Bitwise Web3 Equities index. The fund tracks a tier-weighted index of companies connected to the global Web 3.0 industry. The selection process is overseen by a committee. BWEB was launched on Oct 4, 2022 and is managed by Bitwise.